Moody’s lowers global P&C 2023 outlook to ‘negative’ on high claims inflation, reinsurance costs
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Moody’s lowers global P&C 2023 outlook to ‘negative’ on high claims inflation, reinsurance costs

Farhin Lilywala
December 05, 2022
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Moody's has changed its outlook for global property and casualty insurers to negative from stable, reflecting high claims inflation, the gradual return of claims frequencies to pre-pandemic level and rising reinsurance costs.

With weaker economic growth and competitive pressures hindering insurers' efforts to push through offsetting price increases, the ratings agency expects the sector's underwriting profitability to weaken.

Moody's

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NewsPropertyClaims and losses
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Farhin Lilywala
Section Editor, Distribution & Specialty
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